SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal fourth-quarter net income of $300 million.
On a per-share basis, the San Francisco-based company said it had net income of $1.40. Earnings, adjusted for one-time gains and costs, came to $2.29 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The design software company posted revenue of $1.64 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.63 billion.
For the year, the company reported profit of $1.11 billion, or $5.12 per share. Revenue was reported as $6.13 billion.
For the current quarter ending in April, Autodesk expects its per-share earnings to range from $2.14 to $2.17.
The company said it expects revenue in the range of $1.6 billion to $1.61 billion for the fiscal first quarter.
Autodesk expects full-year earnings in the range of $9.34 to $9.67 per share, with revenue ranging from $6.9 billion to $6.97 billion.
Autodesk shares have dropped 4.5% since the beginning of the year, while the S&P's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $282.35, a climb of nearly 10% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADSK at https://www.zacks.com/ap/ADSK
